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Shares of POSCO, others stung by graft probes

2015-03-31 06:46:48| Steel - Topix.net

Shares of South Korea's top steelmaker POSCO and several other firms have been hit hard by a series of ongoing prosecution probes into alleged corruption that has raised concerns over their outlooks. The investigations began over two weeks ago after Prime Minister Lee Wan-koo declared an "all-out war" on corruption in an apparent attempt to prop up weak public support for President Park Geun-hye.

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